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Last Updated : Nov 17, 2015 11:08 AM IST | Source: CNBC-TV18

Infosys warns of weak Q3 margins, maintains FY16 guidance

In a conall on Monday, Infosys management warned investors of a soft third quarter due to lower spending by its top clients on account of holiday season.

India’s second largest IT company, Infosys, in a concall yesterday warned investors of weaker margins in the ongoing third quarter of the current financial year. This will mainly be due to lower spending by the company’s top clients on account of the festive season, the management said.

However, the company has retained its earlier FY16 guidance of 10-12 percent in constant currency terms. The company is confident of bouncing back in the fourth quarter post a soft Q3.

The management also said that it is seeing momentum in sectors like banking and retail. However, energy and telecom sectors are still facing challenges, they added.

The company also stressed on the need to bring back predictability in performance and spoke of its five point strategy to get back to industry-leading standards.

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First Published on Nov 17, 2015 08:39 am
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